13 ms·

Are those real or nominal dollars?

• jashkenas 14y ago
  It's in 2011 inflation adjusted nominal dollars.
  • deleted 14y ago
    [deleted]
  • gojomo 14y ago
    Er, 'inflation-adjusted' and 'nominal' are opposites, so that answer leaves me confused. Looking at one of the prominent early data points, AAPL: Some online sources peg its IPO valuation at about $1.3B at the time (ie, nominal 1980 dollars), rising to about $1.7B in the first day pop. According to WolframAlpha, [$1.3 billion 1980 dollars in 2011 dollars] is about $3.5B adjusted by the CPI - close to the NYTimes $3.4B chart number. From that I conclude that the numbers have been adjusted to "2011 (real) dollars".
    • jashkenas 14y ago
      Sorry, brain fart. Yes, it's adjusted to 2011 (real) dollars.